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Netflix leads list of top 10 US SVOD services in 2021: Park Associates

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      Home News Analyst Reports

      Netflix leads list of top 10 US SVOD services in 2021: Park Associates

      Staff Reporter by Staff Reporter
      December 21, 2021
      in Analyst Reports, International News, News
      Netflix leads list of top 10 US SVOD services in 2021: Park Associates
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      Disney has moved into the top three in terms of subscribers for the first time since the firm began tracking these providers in 2015.

      Parks Associates has released its updated list of the top 10 US paid subscription over-the-top (OTT) video services, with Netflix in the top spot followed by Amazon’s Prime Video and Disney+, which moved into the top three SVOD services, edging past Hulu.

      Based on estimated numbers of subscribers through September 2021 from the firm’s OTT Video Market Tracker surveying 10,000 US broadband households, the study discovered that more than 80% of broadband households have at least one OTT service and that the churn rate for OTT services is 44%, with consumers adopting multiple subscriptions and experimenting with different services.

      The analyst noted that while the Disney+ content portfolio may have allowed it to leapfrog stablemate Hulu in 2021 rankings to number three, its position reaffirms the collective power of the Disney Bundle triumvirate: Hulu, Disney+, and ESPN+. It added that ViacomCBS’s successful rebrand and content-fuelled reformulation of CBS All Access into Paramount+ allowed it to leapfrog Apple TV+ into seventh place behind ESPN+ and that time would tell if the service will break into the top five.

      Paul Erickson, Director of Research, Parks Associates, said: “While the Disney+ content portfolio may have allowed it to leapfrog stablemate Hulu in 2021 rankings, its position reaffirms the collective power of the Disney Bundle triumvirate: Hulu, Disney+, and ESPN+. ViacomCBS’s successful rebrand and content-fueled reformulation of CBS All Access into Paramount+ have allowed it to leapfrog Apple TV+ into seventh place behind ESPN+, and time will tell if the service will break into the Top 5.”

      HBO Max moved into the top five, while Paramount+ (rebranded from CBS All Access) jumped to number seven on the list, while new entrant Discovery+ is right behind in the eleventh position.

      Kristen Hanich, Director of Research, Parks Associates, added: “Broadband providers added an estimated 6.4 million residential customers to date in 2021, showing rapid growth. The importance of bundling pay TV with home broadband is diminishing though – our Home Services Dashboard finds that only 38% of US broadband households bundle pay TV with their home internet service, a significant decline from past levels.”

      The role of online TV continues to grow, with consumers embracing OTT services offered by familiar providers. Eric Sorensen, Contributing Senior Analyst, Parks Associates, stated: “In Q3 2021, 19% of US broadband households reported subscribing to a vMVPD service, nearly double from the previous year. By 2024, the US vMVPD subscriber base will increase to more than 23m households. All players will continue vying for the leading positions.”

      Tags: Amazon VideoDisneyHuluNetflixParamountPark Associates

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